Group DF is a private holding company of Ukrainian businessman and billionaire Dmitry Firtash. It was established in 2007 in an effort to meet an international standard of operation and to present the opportunity for Ukraine to recover its position on the global markets, specifically in energy, chemicals and real estate.
“Globalization has reached a very large scale and it is very hard to look at Ukraine separately from the rest of the world,” says Mr. Firtash, CEO of Group DF
). “Group DF plays its role in uniting the potential of Ukrainian industry with the aim of restoring Ukraine’s positions on the markets to which Ukraine traditionally exports, and also to expand to new high-technology markets.”
GDF controls many companies across these sectors such as key players Centragas, EMFESZ, Zangas and OSTCHEM Holding AG. OSTCHEM Holding AG is a holding for a number of chemical companies in Eastern Europe that deal with materials ranging from mineral fertilizers, organic acids, titanium dioxide, and soda ash. It holds almost half of Crimea Titan, one of Europe’s largest titanium dioxide producers.
|‘GROUP DF BELIEVES THAT THE NEED FOR DIVERSIFICATION IN UKRAINE IS ESSENTIAL FOR THE SUCCESS OF THE COMPANY AND FOR THE ADVANCEMENT OF UKRAINE’S ECONOMY’|
In the energy sector, GDF companies EMFESZ and Centragas have played a significant role in industry development. In 2004, RosUkrEnergo was established, where GDF owns 50% through Centragas Holding AG. RosUkrEnergo distributes gas from Central Asian states to Ukraine and European Union countries. The establishment of this venture formalized GDF’s business relationship with Gazprom, the Russian energy corporation, which owns the other half of RosUkrEnergo.
GDF recognizes that there are many profitable opportunities through the gas intermediary business; however, GDF believes that the need for diversification in Ukraine is essential for the success of the company and for the advancement of the country’s economy. The combined revenues for all GDF’s subsidiaries totaled some $4.6 billion in 2006 and in the future, GDF aims to invest in other businesses that provide opportunities for considerable returns for the group and for the country.
“At our group we pay a lot of attention to developing the human capital in Ukraine and preserving the environment. We implement vast ecology and energy saving programs which help preserve ecosystems and the health of people. We support scientific research and implementation of innovative solutions in production. We also promote technical science among the population of Ukraine,” says Mr. Firtash. “All of this is an investment into Ukraine’s future. So in this respect our interests also coincide with the interests of the government.”
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